The Global Swine Respiratory Diseases Treatment Industry is set to achieve an outstanding valuation of US$2.0 billion by the end of 2022, according to the latest report by Future Market Insights (FMI). With a projected Compound Annual Growth Rate (CAGR) of 6.3% from 2022 to 2032, the industry is on an unprecedented trajectory, eyeing an estimated valuation of US$3.6 billion by the close of the decade.
In a groundbreaking development, Mycoplasma has emerged as the frontrunner in the causative agent segment, securing a remarkable 35.2% market share in the Swine Respiratory Diseases Treatment industry in 2021. This substantial market dominance positions Mycoplasma as a pivotal player, significantly influencing and shaping the industry landscape.
The Swine Respiratory Diseases Treatment industry faces a pivotal moment as it navigates through distinct categories of respiratory infections. The first category encompasses infections that affect a substantial number of pigs, posing a potential threat but exhibiting a brief duration. On the other hand, the second category comprises diseases that impact a large swine population over an extended period, presenting unique challenges for the industry.
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PRRS (porcine reproductive and respiratory syndrome), the most common respiratory disease in pigs, is treated with drugs and immunizations that aid in the treatment or prevention of swine respiratory infections. Medication is used to treat swine respiratory disorders in a variety of ways, including injections and in-feed inclusions. Vaccination is a biological tool used to boost disease immunity. Live, attenuated vaccines and dead, inactivated vaccines are the two major types of immunizations used to prevent swine respiratory diseases.
Global Swine Respiratory Diseases Treatment Industry: Segmental Highlights
The market is segmented based on the causative agent, treatment type, route of administration, distribution channel, and region.
- The United States dominates the North American swine respiratory disease treatment market, with a total share of around 52.9% in 2021. It is predicted to continue growing at the same rate during the projection period.
- In 2021, Canada owned around 47.1% of the North American Swine Respiratory Diseases Treatment industry, and it is predicted to develop at a profitable CAGR of 6.7% during the forecast period.
- During the projected period, Germany is expected to demonstrate a CAGR of roughly 5.8% in the European swine Respiratory Diseases Treatment market.
- Causative agents based on Mycoplasma are predicted to expand rapidly, with a CAGR of 6.1% by the end of the projection period.
- By the end of the projection period, the pharmaceuticals segment is predicted to rise rapidly at a CAGR of 6.1%.
- By the end of the forecast period, the oral route of administration is predicted to rise at a CAGR of 6.3%.
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Global Swine Respiratory Diseases Treatment Industry: Dynamics
The market forecast for various segments is based on the factors that are impacting the global market. According to Future Market Insights analysis, the market is driven by an increase in the rate of diseases such as PRRS (Porcine reproductive and respiratory syndrome), the high demand of pork, and increase in the use of vaccines that are given to pigs to produce disease-free pork.
However, there are a few factors prevailing in the market that may hurt the market such as stringent regulation by FDA to limit the use of antibiotics for farm animals and also lack of awareness in many countries where the pig farm owners are unaware of the diseases and treatment processes.
Global Swine Respiratory Diseases Treatment Industry: Competitive Analysis
This comprehensive research report includes brief profiles of various major companies operating in the global market such as Zoetis, Bayer AG, Boehringer Ingelheim GmbH, Elanco Animal Health (Sub. Eli Lilly), Virbac, Norbrook, Ceva Santé Animale, Intervet Inc., (Sub. Merck & Co. Inc.), Vetoquin.
Segmentation of the Global Swine Respiratory Diseases Treatment Industry
The segmentation of the global Swine Respiratory Diseases Treatment industry helps readers simplify the market study and understanding, by dividing the market into different segments based on various parameters. The report provides an individual analysis of each and every segment, thus covering every part of the market.
By Causative Agent
- Virus
- Mycoplasma
- Bacteria
- Others
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By Treatment Type
- Drugs
- Antibiotic
- Others
- Vaccines
By Route of Administration
- Oral
- Parenteral
By Distribution Channel
- Veterinary Hospitals
- Veterinary Clinics
- Pharmacies
- Others
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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